It is important to remember that economic analysis can capture only

those factors that are measurable and that projects often have both
positive and negative implications that are difficult to quantify. Also,
it is difficult for an economic analysis to capture the characteristics
of a dynamic and competitive environment. Economic analysis is
useful in at least two different circumstances:
1. Go/no-go milestones.
2. Operational design and development decisions.
(Jacobs, 2011)